Ch 7 1. BEX.07.01 ALGO 2. BEX 07.02 ALGO Allocating Joint Costs Using the Physical Units Method Sunny Lane, Inc, purchases peaches from local orchards and sorts them into four categories Grade A are large blemish-free peadies that can be sold to gourmet frut sellers. Grade 15 peaches are smaller and may be slightly out of proportion. These are packed in boxes and sold to grocery stores Peaches to be sliced for canned peaches are even smaller than Grade B peaches and have blemishes. Peaches to be purend for use in sauces are of lower grade than peaches for slices, yet still food grade for canning. Information on a recent purchase of 27,000 pounds of peaches is as follows: Grades Pounds 1,000 3. BEX.07.03.ALGO 4. BEX07.04 ALGO 5. BEX.07.05 ALGO Grade A Grade D 6. BEX.07.07 ALGO 5,400 9,450 7. BEX.07.08 ALGO 10,260 27,000 BEX 07.09 ALGO BEX 07 10 ALGO 10 BEX 07 ALGO Slices Freed Total Total joint cost is $22,950, Required: 1. Allocate the joint cost to the four grades of peaches using the physical units method. Joint Cost ress: 6/10 items Grades Grade A Grade B Seen Check My Work Allocation Email Instructor Save and Ext Previous Ned> Submit Assignment for Grading 69 Ch 7 + T. BEX07.01 ALGO 2. BEX 07.02 ALGO 1. Alocate the joint cost to the four grades of peaches using the physical units Joint Cost 3. BEX 07.03 ALGO 4. BEX 07.04 ALGO Grades Grade A Grade S 5. BEX 07.05 ALGO 6. BEX 07 07 ALGO 7 BEX 07.08 ALGO 8 BEX 07.09 ALGO BEX 07 10 ALGO 10 BEX 11 ALGO Pureed Total Allocation 27,000 X 2. Allocate the joint cost to the four grades of peaches by finding the average joint cost per pound and multiplying by the number of pounds in the grade Round the average cost answer to the nearest cent Average cost Grades Grade A Grade B Slices Pureed per pound Joint Cost Allocation 3. What if there were 2,430 pounds of Grade A peaches and 4,560 pounds of Grade 87 How would that affect the elocation of cost to these two grades? Progress: 6/10 items. Check My Work ment Score: 58.72% Previous Email instructor Save and Exit Submit Assignment for Grading Ch 7 1. BEX 07.01 ALGO Average cost 2. BEX.07.02 ALGO Grades 3. BEX.07.03 ALGO Grade A 4. BEX 07.04 ALGO Grade 1 5. BEX.07.05. ALGO 6 BEX 07.07 ALGO 7. BEX 07.08.ALGO 8. BEX 07.09.ALGO Grades 9. BEX.07 10.ALGO Grade A 10 BEX 07.11 ALGO Grade B per pound Joint Cost Allocation Slices Pureed 3. What if there were 2,430 pounds of Grade A peaches and 4,860 pounds of Grade B? How would that affect the allocation of cost to these two grades How would it affect the allocation of cost to the remaining common grades? Joint Cost Allocation Slices Pureed Feedback Check My Work Progress: 6/10 items Check My Work gnment Score: 56.72% O Previous Next Emall Instructor Save and Ex Submit Assignment for Grading 10:29